New Delhi: On the sidelines of India Energy Week 2026, a significant collaboration took centre stage, as two major Oil PSUs, ONGC and Indian Oil Corporation Ltd. signed a Memorandum of Understanding (MoU) on 27 January 2026 to explore potential technical collaboration and assess partnership opportunities in upcoming exploration bid rounds.
The MoU was signed in the presence of ONGC Director (Strategy & Corporate Affairs), Arunangshu Sarkar ONGC Director (Exploration) along with IOCL Executive Director (E&P) A K Tiwari.
The agreement is touted as a crucial step towards strengthening synergies, sharing expertise, and advancing India’s exploration ambitions, together, for the nation’s energy security